If workers leave a country to seek out better opportunities in another country, then this will
A) shift the short-run aggregate supply curve of the original country to the left.
B) shift the short-run aggregate supply curve of the original country to the right.
C) move the original economy up along a stationary short-run aggregate supply curve.
D) move the original economy down along a stationary short-run aggregate supply curve.
Answer: A
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Deadweight loss
A. can result from underproduction, but not from overproduction. B. can result from overproduction, but not from underproduction. C. is measured as the combined loss of consumer surplus and producer surplus. D. results from producing a unit of output for which the maximum willingness to pay exceeds the minimum acceptable price.
If peanuts serve as a medium of exchange, a unit of account, and a store of value, then peanuts are
A) bank deposits. B) reserves. C) money. D) loanable funds.
Which of the following is included in M2 but NOT in M1?
A) NOW accounts B) demand deposits C) currency D) money market mutual fund shares (retail)
What causes the property owners and non-unionized workers in this country to be hostile toward organized labor?
(a) The perception that unions will strive to make gains for unskilled labor at the expense of everyone else (b) The perception that unions have traditionally championed the rights of women (c) The fear that the government will take over corporate America (d) Jealousy and fear of organized labor's well-known ability to "deliver the votes" for candidates of its choice in national elections